Just cannot understand recent SP volatility!

As a Dana shareholder I find it difficult to
find any reason to sell, even at current price. The Company has recently
entered a number of agreements which will have
considerable benefits:-

1. Reserves from 31st December 2003 of 123.7 mmboe
must now be in the region of 200.0 mmboe.( 100 million
North Sea 70 million Mauritana 30 million Russia ).

2. Production will rise to 25-27 thousand boepd in
2005 from 18 thousand in 2004.

3. At 30th June 2004 a Net cash position which will
have been enhanced significantly year to date.

4. Exciting exploration potential.

5. Management that seem to know what they are doing
with an excellent chief executive.

6. Recent deals by other oil companies have seen oil
assets bought at prices between 7-11 dollars a barrel
( see last weeks Investors Chronicle ) Dana must have
a value well in excess of the current 300 million.

I am holding firm and looking towards 800 pence.

Any other views out there?

Moving up nicely now.

The short term sp of Oil will help caused by the conflict of the middle east and the ruskys not playing ball with the ukrains.

Brought to my attention on another board, we should be in for a upgrade briefing from dana management at any time..........

09.12.08 :+25.5, (825.5) RBS cuts its price targets in the sector. It cuts BowLeven PLC to 200p from 320p; rating buy. Cairn Energy PLC to 2850p from 3000p; rating buy. Dana Petroleum PLC to 1495p from 1800p; rating buy. Premier Oil PLC to 1000p from 1200p; rating add. Salamander Energy to 195p from 245p; rating add. Soco International PLC to 1850p from 1950p; rating buy. Tullow Oil PLC to 950p from 1030p; rating buy and Venture Production PLC to 495p from 750p; rating add.

08-12-08 08.12.08 :+25, (795) Deutsche Bank cuts prices in the oil & gas sector. It cut Tullow Oil price target to 720p from 755p; rating buy, Cairn Energy price target to 2860p from 2895p; rating buy, Dana Petroleum price target to 1335p from 1480p; rating buy, JKX Oil and Gas price target to 365p from 370p; rating buy, Premier Oil price target to 1360p from 1455p; rating buy and Venture Production price target to 425p from 490p; rating hold.

28-11-08 28.11.08: -18, (870.5) an article in the Times reports: Dana Petroleum rose 44p to 890.5p a day after it briefed investors, and appeared to talk of a sizeable reserve upgrade by the end of the year

Full broker recos.....

Dana Petroleum PLC

FORECASTS
2008 2009

Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Exane BNP Paribas
30-12-08 BUY 238.00 111.50 141.00 65.30

Oriel Securities
24-12-08 ADD 240.70 125.30 153.90 79.70

Numis Securities Ltd
19-12-08 BUY 141.00 33.00

Hanson Westhouse
16-12-08 BUY

Evolution Securities Ltd
01-12-08 BUY 388.00 203.20 640.70 335.70

ABN AMRO
29-08-08 BUY 406.73 186.67 430.17 198.28

2008 2009
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 239.36 126.04 174.13 68.26
1 Month Change -16.95 -27.59 -7.95 -59.44
3 Month Change -110.25 -42.83 -140.23 -119.97


GROWTH
2007 (A) 2008 (E) 2009 (E)
Norm. EPS 79.64% 47.43% -45.84%
DPS % % %

INVESTMENT RATIOS
2007 (A) 2008 (E) 2009 (E)
EBITDA £215.90m £486.70m £541.87m
EBIT £161.58m £250.00m £155.00m
Dividend Yield % % %
Dividend Cover x x x
PER 11.60x 7.87x 14.53x
PEG 0.15f 0.17f -0.32f
Net Asset Value PS 102.73p 645.17p 767.24p

Getting warmed up now, and can see prervious recent high of 11 being tested.

PMO....coming along nicely as well !.

Indeed RF.

tullow another one aswell.

Going well again and way undervalued according to brokers following this one.

Happy Three Kings day.

ehhh??

National Holiday in Spain today.. just like Xmas.

yep, Id completley forgotten.

this market is so fast, and in the right way at the moment.

Dana is a gem of a stock.

Intraday chart shows a pull back from high so far of day so ive gone in and added. Oil SP continues to rise and broker Goldman Sachs (much respected) as a target price of 15.28 so thats rather assuring.....

Fairly recent article on dana, posted earlier, certainly worth refreshing ones mind...

http://www.proactiveinvestors.co.uk/companies/news/3735/dana-petroleum-highly-undemanding-valuation-3735.html

Started off negative and now doing a U turn.

Looks like we could end up very positive here.

Starting to pull itself together and frame now. Nice.

You cant beat the market so Im out with some good profits.

will return when conditions are better.

Glad about that. As you know, it doesn't matter what the sp should be, if market conditions are crap then down it will go.

too true DD.

Have tried going long at 900 as looks like it is at the bottom of the downchannel though stop below 850 as market currently deranged!

as we presumably are for trying to trade it!